MICRO-SOCIETY JOURNAL

PROFIT AND LOSS

WEEK 6

According to safari, profit means' a financial gain' however loss means' the fact or process of losing someone or something.' In the first lesson of microsociety this week, we had a discussion about how profit and loss could effect our businesses. When your business is gaining profit, your supply is low and your demand is high. However, if your business is in loss, you demand is low but your supply is high. After talking about that, we discussed how we could make our businesses profitable. Then we watched a video with miss Bond about the general election in 2010. For me, conservatives didn't win as labour won. This is because labour increased on their seats from the last election as conservatives decreased. After all of that, we had some time to trade and i made a lot of money.

I love microsociety and can't wait to do it again!!